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Ferrosilicon Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global ferrosilicon market reached a value of US$ 11.60 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 13.66 Billion by 2027, exhibiting a CAGR of 2.56% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Ferrosilicon (FeSi) refers to an alloy of iron and silicon that is industrially produced by reducing sand or silica in the presence of iron at very high temperatures. It is widely used in the reduction of metals from their oxides and in the deoxidization of steel and other ferrous alloys to prevent the loss of carbon from molten steel and other materials. It is also employed in electrode coatings utilized in arc welding and in the manufacturing of iron, steel, and other ferroalloys. It has excellent strength, resistance to corrosion, abrasion and temperature, high specific gravity, and magnetism. As a result, ferrosilicon finds extensive applications in metallurgy, construction, automotive, semiconductors, chemical processing, and solar energy. 

Ferrosilicon Market Trends:

Ferrosilicon is extensively utilized for inoculation, graphitization, and modification in the casting industries. As a result, the escalating demand for steel and iron from various end use sectors represents the primary factor driving the market growth. Additionally, the growing usage of semiconductors in electronic devices is augmenting the demand for ferrosilicon for manufacturing semiconductors. Besides this, the shifting preferences toward corrosion-resistant materials for enhanced quality in construction and automotive industries, along with the rising demand for electric steel to manufacture motors, transformers and other power generation devices, are accelerating product adoption rate. Furthermore, ferrosilicon is widely used in the production of electric steel to improve the electrical resistivity of steel. Moreover, the governing agencies of various countries are taking favorable initiatives for infrastructure development and making heavy investments in the steel industry, which is propelling the market growth. Other factors, including rapid urbanization and industrialization, surging sales of high-end vehicles, increasing construction activities, and growing demand for consumer electronics, are also providing a positive outlook to the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ferrosilicon market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end user.

Breakup by Type:

  • Atomized Ferrosilicon
  • Milled Ferrosilicon
     

Breakup by Application:

  • Deoxidizer
  • Inoculant
  • Others
     

Breakup by End User:

  • Carbon and Other Alloy Steel
  • Stainless Steel
  • Electric Steel
  • Cast Iron
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation), DMS Powders, Eurasian Resources Group, Ferroglobe PLC, Finnfjord AS, Hindustan Alloys Private Limited, Indian Metals & Ferro Alloys Limited, Maithan Alloys Limited, Mechel PAO, OM Holdings Ltd. and Westbrook Resources Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation), DMS Powders, Eurasian Resources Group, Ferroglobe PLC, Finnfjord AS, Hindustan Alloys Private Limited, Indian Metals & Ferro Alloys Limited, Maithan Alloys Limited, Mechel PAO, OM Holdings Ltd. and Westbrook Resources Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Ferrosilicon Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Atomized Ferrosilicon
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Milled Ferrosilicon
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Application
    7.1    Deoxidizer
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Inoculant
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End User
    8.1    Carbon and Other Alloy Steel
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Stainless Steel
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Electric Steel
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Cast Iron
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    DMS Powders
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Eurasian Resources Group
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Ferroglobe PLC
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
        14.3.5    Finnfjord AS
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Hindustan Alloys Private Limited
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Indian Metals & Ferro Alloys Limited
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    Maithan Alloys Limited
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
        14.3.9    Mechel PAO
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    OM Holdings Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Westbrook Resources Ltd.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Ferrosilicon Market: Major Drivers and Challenges
Figure 2: Global: Ferrosilicon Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Ferrosilicon Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Ferrosilicon Market: Breakup by Type (in %), 2021
Figure 5: Global: Ferrosilicon Market: Breakup by Application (in %), 2021
Figure 6: Global: Ferrosilicon Market: Breakup by End User (in %), 2021
Figure 7: Global: Ferrosilicon Market: Breakup by Region (in %), 2021
Figure 8: Global: Ferrosilicon (Atomized Ferrosilicon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Ferrosilicon (Atomized Ferrosilicon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Ferrosilicon (Milled Ferrosilicon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Ferrosilicon (Milled Ferrosilicon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Ferrosilicon (Deoxidizer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Ferrosilicon (Deoxidizer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Ferrosilicon (Inoculant) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Ferrosilicon (Inoculant) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Ferrosilicon (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Ferrosilicon (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Ferrosilicon (Carbon and Other Alloy Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Ferrosilicon (Carbon and Other Alloy Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Ferrosilicon (Stainless Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Ferrosilicon (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Ferrosilicon (Electric Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Ferrosilicon (Electric Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Ferrosilicon (Cast Iron) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Ferrosilicon (Cast Iron) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Ferrosilicon (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Ferrosilicon (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Ferrosilicon Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Ferrosilicon Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Ferrosilicon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Ferrosilicon Industry: SWOT Analysis
Figure 78: Global: Ferrosilicon Industry: Value Chain Analysis
Figure 79: Global: Ferrosilicon Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Ferrosilicon Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Ferrosilicon Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Ferrosilicon Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Ferrosilicon Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Ferrosilicon Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Ferrosilicon Market: Competitive Structure
Table 7: Global: Ferrosilicon Market: Key Players


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Key Questions Answered in This Report

The global ferrosilicon market was valued at US$ 11.60 Billion in 2021.

We expect the global ferrosilicon market to exhibit a CAGR of 2.56% during 2022-2027.

The widespread consumer preferences for corrosion-resistant materials, such as ferrosilicon, for enhanced quality across the construction and automotive sectors, are primarily driving the global ferrosilicon market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for ferrosilicon.

Based on the application, the global ferrosilicon market has been segmented into deoxidizer, inoculant, and others. Currently, deoxidizer holds the majority of the total market share.

Based on the end user, the global ferrosilicon market can be divided into carbon and other alloy steel, stainless steel, electric steel, cast iron, and others. Among these, carbon and other alloy steel segment exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global ferrosilicon market include China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation), DMS Powders, Eurasian Resources Group, Ferroglobe PLC, Finnfjord AS, Hindustan Alloys Private Limited, Indian Metals & Ferro Alloys Limited, Maithan Alloys Limited, Mechel PAO, OM Holdings Ltd., and Westbrook Resources Ltd.

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